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Best burial insurance for 2020

Get a policy to pay for your funeral and final expenses – even if you're in poor health.

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Burial insurance is specifically designed to cover your funeral, burial and end-of-life expenses, like unpaid medical bills. Also known as final expense insurance or funeral insurance, it’s typically sold as a permanent policy, though a handful of companies package it as a term policy that lasts a set number of years. Either way, this type of coverage is best for seniors who don’t have a life insurance policy and want to cover the costs of their own funeral.

How we picked the best burial insurance policies

Our writers and editors are committed to being objective and empowering our readers to make educated decisions.

When analyzing life insurance providers, we assess the insurer’s reputation in the industry, as well as its product lineup, rider selection and underwriting standards. To determine industry reputation, our editorial team researches the company’s financial strength, accreditations and ratings and reads customer reviews.

Which are the best burial insurance companies?

Best overall: Mutual of Omaha burial insurance

Mutual of Omaha burial insurance logo
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$2,000 – $25,000
Coverage range
45-85 years
Issue age
Mutual of Omaha is one of the most respected life insurance companies out there, and its final expense product is in line with this reputation. Its final expense policy is offered to customers between 45 and 85 years old and starts at $2,000, making it ideal for those who only want or need a small amount of coverage. All policies are guaranteed issue, which means all applicants are accepted and no medical exam is required..
  • Coverage as low as $2,000
  • Guaranteed issue means no one is turned away
  • Sells policies up to age 85
Coverage range $2,000 – $25,000
Issue age 45-85
Issue Age 45 -75 in New York
Guaranteed acceptance Yes
Waiting period 2 Years
State availability All 50 States

Best for people without perfect health: Forester Financial burial insurance

Forester Financial burial insurance logo
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$5,000 – $35,000
Coverage range
50-85 years
Issue age
Foresters Financial has options for final expense policies with immediate coverage and more lenient underwriting guidelines than some other companies. For example, it offers policies that accept people with depression, high blood pressure, high cholesterol and mental health problems. Depending on your health condition, you may also find some of the most competitive rates. Foresters is a fraternal organization, which means it offers a number of other benefits for free, such as scholarships, grants, family events and discounted legal services.
  • Forgiving underwriting
  • Member benefits included
  • Competitive rates
Coverage range $5,000 – $35,000
Issue age 50-85
Guaranteed acceptance No
Waiting period Depends On Final Approved Plan
State availability All 50 states

Best for immediate coverage: Transamerica burial insurance

Transamerica burial insurance logo
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$1,000 – $50,000
Coverage range
45-85 years
Issue age
Transamerica offers same-day approval in many cases, with coverage starting immediately upon approval. This means you might be able to get coverage the same day that you apply. Transamerica's policy options also allow for up to $50,000 in coverage if you're under 55 years of age, although that benefit amount tiers down if you're over 55 years old when you apply, with $25,000 being the max if you're between ages 76 and 85.
  • No exams or lab work required
  • Same day approval in most cases
  • Some policies go into effect within a day
Coverage range $1,000 – $50,000
Issue age 45-85
Guaranteed acceptance No
Waiting period No waiting period
State availability All 50 states

Best for fast, online quotes: Fidelity burial insurance

Fidelity burial insurance logo
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$5,000 – $35,000
Coverage range
50-85 years
Issue age
Fidelity's online system allows you to quickly get a quote and apply without talking to an agent. Once you apply, Fidelity offers a fast underwriting period of only a few days, with no waiting period once you're approved. This means that your coverage will likely begin just a few days after you send in your application, which might be beneficial for people who need coverage quickly.
  • Quick online
  • Immediate coverage upon approval
  • No medical exam
Coverage range $5,000 – $35,000
Issue age 50-85
Guaranteed acceptance No
Waiting period None
State availability All except NY

Best coverage options: AIG burial insurance

AIG burial insurance logo
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$5,000 – $25,000
Coverage range
50-85 years
Issue age
AIG offers a guaranteed issue policy at higher coverage amounts and with extra living benefit options. If you want to cover potential medical costs as well as your burial expenses, you can get up to $25,000 in coverage. Living benefit options also include being able to use your policy for things such as chronic, critical or terminal illnesses.
  • Living benefit options
  • Get up to $25,000 in coverage
  • No health questionnaire or medical exam
Coverage range $5,000 – $25,000
Issue age 50-85
Guaranteed acceptance Yes
Waiting period 2 Years
State availability All except NY

Best for pre-existing conditions: Gerber burial insurance

Gerber burial insurance logo
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$5,000 – $25,000
Coverage range
50-85 years
Issue age
Not just for kids, Gerber Life will cover you no matter your current health if you're between 50 and 80 years old. There are no exams or health questionnaires, so you can buy a Gerber Life final expense policy no matter what. But because of this, there is a 2-year waiting period from when you're approved to when your coverage begins.
  • Guaranteed acceptance
  • No medical exams or health questionnaires
  • Online application
Coverage range $5,000 – $25,000
Issue age 50-85
Guaranteed acceptance Yes
Waiting period 2 Years
State availability All 50 states

How do I find the best burial insurance for me?

Most people who buy burial insurance are seniors and are only concerned about paying for their final expenses, which could include the cost of a funeral, burial and final medical expenses.

Burial insurance technically could be used for any type of expense, but it’s designed to cover the cost of these final, end of life expenses.

When you’re looking for a final expense policy, consider the following factors:

  • Guaranteed issue. Most burial insurance policies guarantee coverage no matter your health status. However, some companies require at least a health questionnaire, so if you’re not healthy then you’ll need to find a company that’s 100% guaranteed.
  • Maximum coverage amount. Since these policies are designed to cover final expenses only, there’s typically a cap on coverage. Some companies offer up to $25,000, while others might offer more. If you want to cover final medical bills, look for more than $25,000 in coverage.
  • Maximum issue age. The standard age limit to buy a new policy is 85, though each insurer might have a slightly different age limit. Once you have a policy, it typically won’t expire until age 120, but be sure you meet the age eligibility for the company you’re looking at.
  • Turnaround time for coverage. Each company offers a slightly different turnaround time from when you submit the application to when you have coverage. If you need coverage immediately, be sure to check how fast the company can approve your coverage.

Compare alternatives to burial insurance

Name Product Guaranteed Acceptance Issue Ages Minimum Coverage Maximum Coverage
JRC Life Insurance burial insurance
Yes
20 - 80
$20,000
$50,000
Navy Mutual burial insurance
No
18 - 85
$20,000
$50,000
AIG burial insurance
Yes
50 - 85
$5,000
$25,000
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Compare up to 4 providers

Bottom line

Burial insurance might be a good option if you don’t have life insurance and just want to cover your final expenses. Many of the standard life insurance companies offer some type of burial insurance, though the best one for you will depend on your needs and what you’re looking for.

To see what other options you might have for life insurance, compare life insurance companies to find the best one for you.

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